AVISH: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AVISH
Largest movements
- Stocks and contracts -€127,405
down €127,405 (-64.6%), from €197,120 to €69,715
- Receivables within one year -€2,728
down €2,728 (-63.5%), from €4,293 to €1,565
of which Trade receivables: -€2,459
- Profit (loss) carried forward -€116,569
down €116,569 (-2043.7%), from -€5,704 to -€122,273
- Debts after one year -€13,157
down €13,157 (-11.6%), from €113,587 to €100,430
- Gross operating margin -€147,967
down €147,967, from €20,152 to -€127,814
- Financial income +€13,216
up €13,216 (+130983.5%), from €10 to €13,226
- Financial charges -€5,618
down €5,618 (-79.6%), from €7,061 to €1,442
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,932 | €73,524 | -€131,408 | -64.1% |
| Fixed assets | 21/28 | €221 | €200 | -€21 | -9.3% |
| Tangible fixed assets | 22/27 | €21 | - | -€21 | |
| Furniture and vehicles | 24 | €21 | - | -€21 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €204,712 | €73,324 | -€131,388 | -64.2% |
| Stocks and contracts in progress | 3 | €197,120 | €69,715 | -€127,405 | -64.6% |
| Stocks | 30/36 | €197,120 | €69,715 | -€127,405 | -64.6% |
| Amounts receivable within one year | 40/41 | €4,293 | €1,565 | -€2,728 | -63.5% |
| Trade receivables | 40 | €4,024 | €1,565 | -€2,459 | -61.1% |
| Other amounts receivable | 41 | €269 | - | -€269 | |
| Cash at bank and in hand | 54/58 | €3,299 | €2,044 | -€1,255 | -38.0% |
| Total equity and liabilities | 10/49 | €204,932 | €73,524 | -€131,408 | -64.1% |
| Equity | 10/15 | €16,296 | -€100,273 | -€116,569 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,704 | -€122,273 | -€116,569 | -2043.7% |
| Amounts payable | 17/49 | €188,636 | €173,797 | -€14,839 | -7.9% |
| Amounts payable after more than one year | 17 | €113,587 | €100,430 | -€13,157 | -11.6% |
| Other amounts payable | 178/9 | €113,587 | €100,430 | -€13,157 | -11.6% |
| Amounts payable within one year | 42/48 | €75,049 | €73,367 | -€1,682 | -2.2% |
| Trade debts | 44 | €10,689 | €8,674 | -€2,016 | -18.9% |
| Suppliers | 440/4 | €10,689 | €8,674 | -€2,016 | -18.9% |
| Advances received on contracts in progress | 46 | €1,421 | €1,256 | -€165 | -11.6% |
| Taxes, remuneration and social security | 45 | - | €378 | +€378 | |
| Taxes | 450/3 | - | €378 | +€378 | |
| Other amounts payable | 47/48 | €62,939 | €63,059 | +€120 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21 | €21 | -€0 | -0.1% |
| Other operating charges | 640/8 | €705 | €520 | -€186 | -26.3% |
| Gross operating margin | 9900 | €20,152 | -€127,814 | -€147,967 | |
| Operating profit (loss) | 9901 | €19,426 | -€128,355 | -€147,781 | |
| Financial income | 75/76B | €10 | €13,226 | +€13,216 | +130983.5% |
| Recurring financial income | 75 | €10 | €13,226 | +€13,216 | +130983.5% |
| Financial charges | 65/66B | €7,061 | €1,442 | -€5,618 | -79.6% |
| Recurring financial charges | 65 | €7,061 | €1,442 | -€5,618 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €12,376 | -€116,571 | -€128,946 | |
| Income taxes | 67/77 | -€2 | -€2 | +€1 | +29.1% |
| Profit (loss) for the period | 9904 | €12,378 | -€116,569 | -€128,947 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,378 | -€116,569 | -€128,947 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.